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19 Cards in this Set
- Front
- Back
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loan made for a specific purpose that is paid back with in a year
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short term loan
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loan payable over a longer period of time than a year
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long term loan
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money needed to meet the day to day needs of the business
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working capital
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money invested in the business in return for a share in the business's profits
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equity capital
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individuals or companies that make a living investing in start up companies
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venture capitalists
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steps you take to protect your self against different types of risks
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secured procautions
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those caused by the actions of employees or customers
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human risks
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are caused by acts of nature
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natural risks
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occur because of changes in business conditions
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economic risks
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is the act of knowingly taking items from a business without paying
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shoplifting
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a check that is written when the checking account has insufficient fundly to cover the check amount
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bounced check
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preent the chance of loss but no opportunity for gain
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pure risks
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offer you the chance to gain as well as lose from the risk
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speculative risks
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if it is a pure risk faced by a large number of people and the amount of the loss can be predicted
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insurable
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if there is a risk that a loss will accur and the amount of the loss cannot be predicted
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uninsurable
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insures all business property against normal risks, including fire, robbery, and storm damage
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property insurance
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protects a business against lawsuits if an accident accurs an on your premises
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casualty insurance
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insurance that is paid in the event that the holder of the policy dies
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life insurance
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payments to workderws who are injured on the job
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workers' compensation
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